OC

Owens Corning

Halal Rating :
Comfortable
Last Price $181
Market Cap $15.53b
1D Change

-1.61 %

1 Year Change

15.29 %

Next Earnings Date

Yet to be announced

Company Overview

Owens Corning manufactures and markets insulation, roofing, and fiberglass composite materials. It operates in three segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber. The Insulation segment manufactures and sells insulation products for residential, commercial, industrial, and other markets.

Revenue Sources

Pass

Based on review of Owens Corning's SEC filings and financial statements, the company's revenue comes primarily from building materials, insulation products, and composites. None of these core business activities involve haram products or services. The company does not derive material revenue from gambling, alcohol, tobacco, pork products, or other prohibited items.

Reliance on Interest

Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
Sept. 30, 2024 $3.05b $2.61b - $70.0m 0.00% 2.69%
June 30, 2024 $2.79b $2.4b - $64.0m 0.00% 2.67%
March 31, 2024 $2.3b $1.91b - $17.0m 0.00% 0.89%
Dec. 31, 2023 $2.3b $1.99b - $14.0m 0.00% 0.70%

Over the past four quarters, the company's interest expense ratios were consistently between 0.7% and 2.7% of total expenses. While present, these levels of interest expense are not considered material to the company's core operations and fall within acceptable limits.

Operational Ethics

Pass

Based on review of public information and company disclosures, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company operates globally but maintains standard business operations without controversial partnerships.

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